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Two areas for shipping will be affected in particular depending on who the Americans pick for their next president, says broker Clarksons Platou.
A panel of three trade experts from the World Trade Organization have just deemed the tariffs imposed by the Trump administration on Chinese goods in 2018 unjustified.
President Trump insists that the phase one trade deal with China remains "fully intact" after his advisor Peter Navarro triggered confusion and a temporary stock slump with comments that were interpreted as an end to the agreement.
The US oil market saw a complete collapse on Monday, with prices as low as USD -37 per barrel of crude. They rose again on Tuesday, but the fundamental problem remains unsolved. Now Trump wants to fill reserves, US media write.
Trump and Putin have agreed to discuss the possibility of a stabilization of the oil market. This makes the oil prices increase slightly.
The US president declared a national emergency at a press meeting on Friday.
The oil price surged almost USD 70 per barrel after a US airstrike killed an Iranian general in Iraq. The move intensifies fears of a new conflict in the world's top crude oil producing region.
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According to Bloomberg News, the US and China are close to reaching a trade deal.
US President Donald Trump expects the partial trade agreement with China to be signed in November at a meeting in Chile, where Chinese President Xi Jinping will also participate.
The US on Monday imposed new sanctions against Turkey. According to President Donald Trump, tariffs on Turkish steel will be raised to 50 percent, a move that comes in response to Turkey's offensive in northern Syria.
Donald Trump says the first day of the latest round of negotiations between the US and China went "very well". The high-level talks are expected to resume on Friday in Washington, DC.
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European Trade Commissioner Cecilia Malmström has not given up hope of reaching a deal with the US that could avoid an escalation of the parties' trade dispute.
The Trump administration has announced new tariffs on European products for more than USD 7 billion annually starting on Oct. 18. The move comes in response to illegal government aid to Airbus.
Donald Trump used his speech at the UN Assembly in New York to repeat complaints about China and its trade practices shortly before negotiators from the two countries are set to meet in Washington.
The trade war between the US and China has cut 0.8 percentage points off global growth, assesses the US Federal Reserve.
Donald Trump says that China has requested to restart the two countries' trade talks. The statement came just hours after China's top negotiator called for calm after a weekend of back-and-forth tariffs that rocked global stocks.
Friday, the US president warned of an increase in existing tariffs and of the upcoming ones on Chinese goods in response China's new tariffs on US goods.
The trade war has not had the effect on Maersk that some observers feared. The tariffs mean nothing, but American consumer habits do, says CEO Søren Skou, who would like to meet with Donald Trump when he visits Denmark, where Maersk is headquartered.
Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
The US and China plan to meet again in September for trade talks, as the latest round of negotiations conclude with few signs of progress in the trade dispute between the two superpowers.
The two superpowers wrapped up a new round of trade talks without clear evidence of progress made toward ending the protracted trade dispute.
US President Donald Trump says there is still a long way to go before the US and China enter a final trade deal. A few weeks ago, however, it seemed negotiations were progressing.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.
US President Donald Trump's customs tariffs on Chinese goods have changed several trade patterns since January 2018, says Drewry in a new analysis.
US President Donald Trump again threatened to raise tariffs on China if President Xi Jinping does not meet with at the G-20 summit in Osaka, Japan, later this month.
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